Updated almost 4 years ago on . Most recent reply
Worcester - Top Market for 2022!
Anyone else invest in Worcester? According to Realtor.com, its one of the hottest markets in 2022. With its large stock of multi-family property near or above the 1% rule, I'm not surprised. What are your thoughts on Worcester?
- Andrew Freed
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- 781-964-3200
- Podcast Guest on Show #69
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Saw this! Not surprised! I think Worcester, MA is one of the best places for long term appreciation in the northeast that still has decent cash flow available. It isn’t incredibly expensive quite yet (it’s rising fast though), plus the inventory of multi-families make it very appealing!
I wouldn’t say it’s a great place for flips and pure immediate lucrative “cash flow”, but long term holds (appreciation plus increasing cash flow as rents rise) has extreme potential!
Definitely one of my long term hold areas that I will be happy I bought a few properties in when it’s 10, 20 or 30 years down the road.